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April 16, 2021, 03:12:25 PM *
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1  Economy / Economics / Re: Struggles of being a freelancer in Bangladesh on: Today at 02:56:53 PM
If being a freelancer is so hard in your country, then think of something else. Do not let yourself trap in just one door, there's a lot of opportunities outside of it, go out in your comfort zone because that is where you'll grow. I'm also a freelancer photographer, but I'm not from Bangladesh, at first, it was really hard because I had no portfolio, no experience, but my photography is really good, but I did lack on self-confidence that time until I started to be proud of my skills and made my way to introduce my skills on clients, so on and so forth.

My tip is that don't listen to others opinion, just do your thing, do what makes you happy and in no time, you'll achieve your dreams because you listened to your heart's desire. You're the only one who knows what's the best for you and what's the best thing to do, so don't stop just because it's hard.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs covid 19? on: Today at 02:21:15 PM
If COVID-19 is really an invented virus by China, and their motive beyond that is to make the world's economy suffer to overpowered by them, but sadly Bitcoin saved many poor countries including Venezuela on that, then I guess it will not affect Bitcoin's price at all. This pandemic is just an instrument that made people realize that Bitcoin is a gem that they are ignoring for a very long time, that's why big companies started already to invest on it as well as to other Cryptocurrency.

So it's gonna be a bull run because other people will also adopt it since Tesla and Microstrategy are good assurance for them that Bitcoin is not a scam or a Ponzi.
3  Economy / Gambling discussion / Re: What age bracket is perfect for gambling on: Today at 12:29:09 PM
I regard gambling as entertainment, therefore, I think that mature age is optimal for this activity. If you are young, then, firstly, you have much more cheaper ways to tickle your nerves, and secondly, gambling is dangerous because it can cause addiction, so it is better to avoid it when you are young.
Even you are already old and engage with gambling, you do still have the same odds on getting addicted.It does matter on how someone would handle out the risk
and been aware on how he'd been doing.

Its non deniable that  young minds cant able to handle up themselves and due to curiosity you would really be testing out things neither those are bad or not.

Everything which you do dealt up too much will always have some negative effects.Gambling isnt bad but when you do play too much or spend up much
and thats where problem begins.

I disagree.

The mature age is the right age for someone to engage in gambling to know his responsibility and risk, because if a kid or a teenage would gamble, he'll be just to carefree to gamble all of the money he has and the money or his parents that he could steal if he doesn't have any money left on his pocket, worst case scenario is that he would steal money on other people, that's the disadvantage of kids when introduce in gambling in an early age.

The effect on adult could be minimal or not, but in a child? it will be always worst.
4  Economy / Economics / Re: I think Bitcoin is the biggest bubble and ponzi in the universe or it isn't? on: Today at 09:29:42 AM
what do you think?

may be it is just my silly thought....

Not maybe, it is really indeed a silly thought and nonsense, in my opinion.

Bubble and volatility is different, as well as fiat and Bitcoin. Bitcoin is the newest currency and revolutionary while fiat is just as old as earth. If Bitcoin was just a bubble, I think after bursting (deflating) it wouldn't have a huge comeback just like what's happening in Bitcoin every time its price decreases a huge one. Also, inflation doesn't exist in Bitcoin, and the most impossible thing to assume is that Bitcoin is just a Ponzi, that's too hilarious.

It wouldn't live too long if it is just a Ponzi.
5  Bitcoin / Bitcoin Discussion / Re: Does it still make sense to dollar cost average when the market is crazy bull? on: April 15, 2021, 03:56:27 PM
Hi, normally I'm a fan of dollar cost averaging.  But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.

What do you think will be the best strategy to enter the bitcoin market today?

Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year.  Maybe a week? A month?

I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.




Source
Quote
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.

So the answer to your question is it doesn't make sense at all. The volatility of Bitcoin would not be reduced like a big decrement for its volatility, eve in the dip. Therefore you may disregard the Dollar Cost Average method and stick to the "wait for the dip" because that more realistic and a sure way to earn profits in no time. Instead of taking its volatility as a disadvantage on buying, take it as a advantage because that is how it should be if you know when to enter and exit the market to secure your profit.
6  Economy / Gambling discussion / Re: You won today, but then you will lose often on: April 15, 2021, 02:53:20 PM
All of this is just a psychological problem when at the beginning of the game you will be given a victory so that greed will arise and you lose your mind to manage your money.

If you are made to lose at the beginning, chances are that what will happen you will not make a deposit again, but if the win is given, of course, you will deposit again.

Gamble Is For Fun, Not For Food
I agree but when you gamble with friends purely for fun, then in the end if you win you can be the winnings used to eat together, right. At least I do that when I win that I can use for parties or just eating with friends, because then everything is obtained from the fun of together. But regarding winning at the beginning and then losing more often, I think it has become commonplace in gambling because even though you lose more often, if you really make gambling for fun, then losing is something they can easily overcome.

Very deadly mindset you have here.

No offense but I have to disagree with you here. Okay, so let's say that you'll eat with your friends when you won against them but did you ever think what would they do when they won, will they do the same? if yes, then you got good friends because they still treat you after you lose, however, it's not that good if you lost a big amount of money, but if they didn't treat you after you lose, I guess that's unfair for you because you're so kind and they are not.

In my opinion, good friends will never play gambling with you like have bigger bets, they will but they will just going to agree to use only small bets just for fun and not to make it a living.
7  Economy / Gambling discussion / Re: Gambling firms helping Government and people during quarantine, literally. on: April 15, 2021, 02:03:14 PM
It is also true in case of online casinos. People have turned to online gambling ever since the pandemic has hit. We did see a rise in the number of gamblers last year. With cases rising back again to it's peak, some countries might once again put strict restrictions everywhere or may even go back to an initial lockdown. We may see another rise in the volume of bets being placed in online casino. At least it is providing (some) people entertainment while being housebound.
We will have to wait and see but I doubt that things are going to get as ugly as they did during the last year, after all governments have made a point to vaccinate the people that have the most exposure to the virus and the ones that suffer the greatest effects of the virus as well, so even if the third wave is coming I find it very difficult to believe that it is going to be as bad as it was last year.

With that in mind then I think that healthcare protocols are going to be relaxed a little bit and the economic activity of the countries will begin to catch up so it is important that anyone that can help a little bit do so right now which is the moment in which people need that help the most.

This is entirely depends on a country if it is a good thing or a bad thing and how much money they are going to allocate to help those in needs.

For example here in the Philippines, since the pandemic hits, Online sabong became popular, and a lot of people got addicted to it. Some of them sold their properties and belongings just to have money to bet on it. Now, the only "help" that Online sabong can offer is the tax they are paying the Government which supposedly going to be use to give relief goods to those people that needs it.

And another problem appears, and that is because the poor are also risking their money on gambling and the relief goods that they are going to receive are sometimes much smaller on the amount they had lost in gambling, so it's not a good thing in my opinion. Also add the fact that other government officials are stealing the allotted money for relief goods to aid the people.
8  Economy / Gambling discussion / Re: Devices used for Gambling on: April 15, 2021, 01:03:30 PM
There are devices such as mobile where they can't take a load of casinos even with good specs.

There's a solution for this, if you're an Android user and using chrome but the gambling site are still laggy and can't be load properly, it's either because of your (1)Internet or because of your (2) Browser. Browser have two modes, the normal one and the "Desktop view". In the desktop view of the browser usually makes it easy to load any gambling websites as long as it is not that heavy programmed, if you know what I mean.
9  Local / Pilipinas / Re: Other Bitcoin wallet that converts Bitcoin to PHP? on: April 15, 2021, 11:50:45 AM
Good day mga boss. Magtatanong lang kung anong pwedeng gamiting wallet na pamalit sa coins.ph? Maraming salamat. Sobrang sensitive kasi ng coins.ph. I have a level 3 account tapos nagcashout lang ako ng medyo malaking halaga and then they are requesting a videocall I guess which is sobrang hassle kasi napakabagal po ng signal ng globe dito sa probinsya namin.

Hindi pa ko nakakapag cash out ng malaking halaga sa abra pero in terms ng KYC saglit lang procedure nila though baka lang mas malaki sa $10K and wiwithdrawin mo eh hanggang dun lang ata ang pinapayagan nila and aabutin ng 2-3 business days pag sa bank transfer sya, dahil sa hassle ng videocall sa coins.ph kaya din ako napadpad sa abra, dati akong level 3 pero biglang naging 25K ung limit ko kaya naghanap ako ng ibang wallet.



Ayan nga problema sa kanila boss. Masyado silang sensitive kahit mataas na yung level ng account mo. May kaibigan ako na naka level 4 pero nung nagcashout rin sya ng malaki-laking halaga eh nagrequest rin ng videocall schedule yung coins.ph. Ang nakalagay saken eh temporarily ban cashout limit, nagtry ulit ako magconvert nung natirang 25 pesos worth of Bitcoin ko pero ayaw, limit has been reached na daw.

Ang hindi ko lang alam eh kung kelan babalik yung limit, kahit 25K lang monthly okay na.
10  Local / Pilipinas / Re: Other Bitcoin wallet that converts Bitcoin to PHP? on: April 14, 2021, 03:48:28 PM
Itry mo na lang magcomply sa request nilang video call kabayan. Hanap ka ng alternatives kung mahirap talaga ang signal. Pumunta ka muna sa lugar ma mganda ang signal para macash out mo na pero kung hindi talaga uubra, try mo P2p gaya nga ng suggestion nila pero maging maingat ka pa rin sa pagtransact lalo na at malaking amount ang ilalabas mo. Malaki rin kasi ang taga ng coins.ph sa totoo lang.
Madali lang naman talaga mag comply and nothing to worry about naman as long as your money are come from a good source pero, ang hassle lang kase talaga nito para saan pa ang verified account na may limit na malaki if need paren pala ng ganitong verification. Sa P2P ok itong option na ito pero kung hinde kapa verified sa Binance baka matagalan kapa malabas ang pera na ito, pero once naman na ok madali lang ang mag buy and sell sa P2P.

Ito yung point ko boss, kasi kaya nga tayo nagpapasa ng mga documents to verify our account into a higher level to have unlimited cash outs when you're in Level 3 (correct me if I'm wrong) kasi para iwas hassle na lang rin lalo na sa mga lugar na very limited yung access at oras ng good internet connection.

Pero salamat sa mga advices nyo mga boss, I guess I'm just gonna use Binance P2P instead since mas okay yung customer service nila and once na you're account is verified, there's no such thing na they would request a videocall just to ask more about you.
11  Economy / Economics / Re: Do you believe history repeat itself? Economic wise. on: April 14, 2021, 02:42:29 PM
High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. Itís not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, canít you ignore it wouldnít impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

I think it depends on who governs the country. History might repeat itself whether be it on good term or the opposite depending on who leads. Here in our country, we are experiencing another turmoil because of failed leadership of the current administration, leading to another economic collapse which happened last year. We still haven't fully recovered from the decline last year due to pandemic, but here we are again, going through the same battle without gears.

In fact, this has happened years ago during the term of a president turned into a dictator. Our country hit the rock bottom during that dark era. Politics would absolutely always take part into the series of progress and decline of a country's economy. Hence, leadership would be the basis on whether or not the history recorded before would occur following the same pattern again. 

In addition, another reason aside from the leader of a specific country, some external factors would also play a role in the progress or recession. The market flow in central bank and the investors could play a great part in the movement of the country's economy mas well.
12  Bitcoin / Bitcoin Discussion / Re: How do I convince people that Bitcoin isn't a financial pyramid? on: April 14, 2021, 01:31:17 PM
To be honest, you don't have to convince people about Bitcoin not a financial pyramid or whatsoever they think of it, let them be. Well, I've said that because convincing those kind of people is pretty hard and they will just put the blame on you if they try Bitcoin and lose their money on it because of volatility that will be their reason to panic and cash all out their funds on Bitcoin, how ironic isn't it?

That's why I never bother explaining it to them. If someone will ask me about it all I say is "you could find more accurate answer on google and there's a lot of tutorials in YouTube", something like that, because I don't want to waste my time on such people. I mean if they are really curious about it, they will do everything to know what really Bitcoin is.
13  Economy / Gambling discussion / Re: Devices used for Gambling on: April 14, 2021, 11:59:56 AM
Here in our country, mostly people only can afford to buy a phone so I guess that's what they are using especially now when they are playing gambling. When I was playing gambling way back 2016-2017, I only used phone to easily hide it from my parents and no one can see me that I was playing gambling. Since I do only play DICE games, phone is very convenient for it because it does not take so much space and not laggy in mobile phones.
14  Economy / Gambling discussion / Re: Do you limit your gambling time? on: April 14, 2021, 11:01:59 AM
I think it is better to actually limit the number of games you play instead of the time you spend playing. I believe that would actually help you lessen your losses incurred, since you can impose strict regulations on yourself like you can only gamble for seven games, or like one guy I saw here who automatically stops gambling for that day after incurring three losses. In simple ways like that you can ensure that all the wins you get are secured and bagged, plus losses are also limited, if not prevented.

Indeed.

Focusing on just one game will help you to polish your skills on it, because if you're going to play different games every single day, your focus and techniques could rumble up in your head making your decision making so bad. Playing multiple games doesn't make a gambler a professional or a prodigy, in fact, the effect of doing such thing may lead to big losses in the long run. Also playing another game after losing to the first game doesn't guarantee your victory, houses will never let the favor go to the players, it's always the opposite of it.
15  Economy / Economics / Re: The One World Currency: Is it Bitcoin? on: April 13, 2021, 03:45:22 PM
It is said that Bitcoin is the precursor of the "One World Currency" that will be used in a "One World Government". In the past, it has been predicted that a "One World Currency" would come into fruition as the current monetary system collapses in its entirety. It is today where we have Bitcoin, a Peer-to-Peer digital cash system that's decentralized, used globally by many people worldwide. Essentially, Bitcoin is a "One World Currency" although not backed by any government or trusted entity of any kind.

What do you think? Is Bitcoin the "One World Currency"? Or will another currency take its place in the future? If that happens, which currency do you think will become the "One World Currency"? Will it be the US Dollar, the Euro, or the Chinese Yuan? Do you think governments will unanimously agree to use a single currency for everything? Your input will be greatly appreciated. Thanks Smiley

There won't be a "one world government" and therefore there won't be a "one world currency."  No government is going to surrender its fiscal sovereignty to any foreign currency, bitcoin or otherwise.  As for bitcoin becoming a one world currency on its own, it's not going to happen because Bitcoin isn't even used as a currency.  Store of value is about the only use-case at this point and even that has to be proven out longterm.

This explains it all.

I've searched also the meaning of "one world currency" and it means "one world economy" or "one world government" just like what you've said. First, it is true that there won't be any "one world government" since every countries have its own pride and culture, I could never imagine the whole world sharing the same Government and agreeing on thing. Second, the "one world currency" is also impossible for me, I mean even if it is Bitcoin, other countries still hates it and banned it.

Even if this would happen in the future, I guess that's gonna take a lot of time before it could happen, and no one knows how long will it takes.
16  Economy / Speculation / Re: Bitcoin at $1 million this cycle really possible? on: April 13, 2021, 02:59:17 PM
is the really possible what looks like a dream - $ 1 million for bitcoin this cycle?

Bitcoin started at $0.0008 in the year 2010 and had an All Time High now of $62,000, with that amount of pumps after 11 years, does $1,000,000 per Bitcoin still looks like a dream? I don't think so. I don't why people are interested in that, you could just simply buy bitcoin and wait for it to happen, or don't buy at all and still watch it touch the $1,000,000 price point, that's your only choice.

Bitcoin has done so many things already for you people to get the assurance you wanted to wash away your doubts on it, and if you guys still don't believe on it, it's your choice. We're just here patiently waiting for that to happen.

Cheers!
17  Economy / Exchanges / Re: How come some KYC exchanges ask for more info than others? on: April 13, 2021, 01:50:14 PM
Why do some go above and beyond what is even actually required?

Also, which ones ask for the least amount of KYC?

KYC means asking your info, however, some of them requires deeper information about yourself, which is your choice whether you're going to give it or not. There's a lot of exchanges so I think you don't have to stick to that exchange that requires much more info you are willing to give. This is just my opinion, I was on Hitbtc way back 2017-2018 but suddenly they change the rules, they are now requiring every users to do the KYC thing which requires proof of address, proof of billing address, valid IDs. They don't even have like what Binance has, like even if you don't do the KYC, you could still use their exchange and has 2 BTC withdrawal limit every single day which is awesome.


Disclaimer: I do not promote the sites that I've mentioned
18  Economy / Gambling discussion / Re: The fine line between market investment and sports gambling on: April 13, 2021, 12:35:54 PM
In the broad sense of the word, both are gambling. There's not much difference between the two. It's just that there are various interpretations of the word, various contexts on which gambling could be construed differently.

Gambling could refer to placing bets on a game of chance or on a sports team as much as it could refer to taking a risk making a bid order in a stock market or on a crypto exchange platform. However, most of the time gambling in the sense of the former is more on merely having fun and taking blind chances while the latter is oftentimes understood as a serious undertaking which involves a lot of informed analysis.

At the end of the day, I don't think one should be made illegal while the other legal. But both should be highly regulated.

I can't agree more.

Both have their own level of risk and returns but both are good ways on earning money if you know what you're into and what you're doing. Plainly entering both market just because of peer pressure would not help anyone but will just lose all of their money in the long run. The regulation and other legal stuff is all about securing the both business and its clients safe and free from any illegal deeds of the gambling sites or the clients.
19  Economy / Gambling discussion / Re: Do you limit your gambling time? on: April 13, 2021, 11:11:23 AM
<...>

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

(1) Actually, this is needed, because if ever you don't set an amount for gambling, you'll end up spending most of your money and lose your money in the end.

(2) I never went that far before, way back when I was still playing gambling. Other gamblers go that far hoping for comeback but all they got was disappointments.

(3) Time and money should be set wisely for gambling (to avoid addiction) if you're just a newbie or a regular gambler, and to lessen addiction if you're already addicted to it.

(4) Gambling with friends like just for fun is a better way to cure your gambling addiction, it's fun and entertaining but the amount of money you'll lose in very minimal only.

(5) I was never been an addict to gambling but my friends was, and some of them until now are addicted in gambling. The one who are helping them are their family of course, others just don't care about it because their family are mad at them for being so stubborn in quitting gambling addiction.
20  Economy / Gambling discussion / Re: Which is the most popular game in gambling field ? on: April 12, 2021, 03:14:04 PM
At first, I thought it was poker but it's not. According to this ARTICLE, the most famous game in gambling is Lottery, yes, you read that right. Here in our country, the majority of population do bet lottery every single day hoping to get the jackpot on it, one time big time. I guess it was not that bad if you're only betting a little amount of what you earn in a day, let's say 20% of it goes to lottery bet.

Unlike if you do poker, sports betting where you could know the result in very short amount of time is addicting in my opinion and a wallet wrecker if your luck is not working.
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